News & Views2025-10-30T10:33:32-04:00

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Local News

Revitalisation Blueprint Presented To IMF 

IMF Sign - 123RF

Trinidad and Tobago’s Revitalisation Blueprint has been presented to the International Monetary Fund (IMF).

Govt Secures Cargo Barge For Inter-Island Service

The Blue Wave Harmony docked at the Port-of-Spain ferry terminal on Tuesday. PHOTO BY ROGER JACOB

Chief Secretary Farley Augustine says a barge has been secured to move cargo to Tobago as an interim measure while repair work on the MV Blue Wave Harmony continues. 

Shell Awaits OFAC Approval For Dragon

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Shell Global CEO Wael Sawan has placed Venezuela and the pending US sanctions approvals at the top of the company’s regional priorities, signalling that offshore gas developments could soon be tied directly into T&T’s energy system. 

ANSA Sees Gas Duress

Tatil Building

ANSA McAL, one of T&T’s largest private-sector companies, said yesterday that the group was placed “under commercial duress” by State-owned National Gas Company (NGC), which imposed a 77 per cent increase in the price of natural gas to ANSA’s Carib Glass subsidiary in January. 

Massy Records 6% Revenue Growth

Massy Building

The Group delivered a strong start to FY2026, with revenue, EBITDA and earnings from continuing operations all improving year-on-year, re ecting disciplined execution across the portfolio. 

IDB Assessing Economic Impact Of Carnival

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Carnival’s contribution extends well beyond cultural pride. It is a complex economic system that generates jobs, drives foreign exchange and sustains entire creative industries when properly supported, panellists agreed during Term Finance’s Wellness Wednesday webinar, Carnival & Culture—Fuelling Economic Growth in T&T. 

GraceKennedy Chooses Massy As New Distribution Partner

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GraceKennedy (GK) has named Massy Distribution as its new distribution partner for food and beverage products managed by its subsidiary, Grace Foods Latin America and the Caribbean (Grace Foods LACA). 

Tobago Faces Supply Shortages Amid Cargo Shipping Disruptions

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A supply shortage is emerging in Tobago amid the absence of an operational cargo vessel to supply the sister island. 

TCL To Hike Price Of Cement Sacks By 15% On Monday

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Trinidad Cement Ltd (TCL) yesterday informed its customers—mostly hardware stores, contractors and households looking to do renovations— that the ex-factory price of its cement bags would increase by 15 per cent next week Monday. 

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Regional News

New Engines For Jamaica’s Next Growth Phase

Jamaican Flag -pixabay

With Jamaica’s debt at historic lows and economic recovery underway, Finance Minister Fayval Williams is calling on investors to help build the country’s next phase of growth by backing new, higher-paying industries and bankable infrastructure projects. 

Visitor Arrivals Rise By 17.2 Per Cent In January

January records high visitor arrivals for 2026 (GTA photo)

The Ministry of Tourism, Industry and Commerce (MINTIC), has proudly announced that Guyana recorded high visitor arrivals in January 2026, with 34,923 visitors representing a 17.2 per cent increase compared to last year. 

Stable Banks, Shifting Risk

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Bank of Jamaica data show non-performing loans increasingly concentrated in households and real estate, while credit growth to agriculture and tourism lags the wider system – raising questions about what kind of economy the banking sector is really financing. 

Banks DIH Ltd To Appeal Court Ruling

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Banks DIH Ltd says it will appeal a High Court ruling that granted an injunction barring the company from implementing a 15% cap on shareholder voting power.

Clarien Bank To Acquire NCB’s Cayman Unit In Internal Reorganisation

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National Commercial Bank Financial Group (NCBFG) Limited said on Monday that Clarien Bank Limited, in which it currently owns a 50.10 per cent stake, will acquire NCB (Cayman) Limited as part of an internal reorganisation of its offshore banking and wealth management operations. 

Guyana, Belize Sign MoUs To Strengthen Collaboration In Education, Tourism, Security

Following the formal addresses at the Belizean National Assembly for a special Joint Sitting of the House of Representatives and the Senate, President Dr. Irfaan Ali and Belize Prime Minister John Briceño inked several Memoranda of Understanding (Government of Belize Press Office photo)

The Governments of the Co-operative Republic of Guyana and Belize have reaffirmed their longstanding friendship and shared Caribbean values through the conclusion of a series of Memoranda of Understanding (MoUs) aimed at strengthening cooperation across key areas of mutual interest. 

Mottley Outlines Measures To Reduce Cost Of Living

Barbados harbour - Unsplash.com

In the run-up to this month’s general election, Prime Minister Mia Mottley has pledged cost-of-living relief through targeted cash credits and tax measures if re-elected. 

World Bank Opens New Office In C’bean 

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The World Bank Group has officially opened its new, energy-efficient offices here, which will serve as the hub for its Caribbean operations. 

President Ali Says Fiscal Discipline, Diversification And Lower Taxes Are Future-Proofing Economy

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President Dr Irfaan Ali has hailed Guyana’s low and stable inflation rate as “a success” in a volatile global environment, crediting prudent macro-economic management and targeted fiscal policies which have protected citizens’ purchasing power while sustaining rapid economic growth. 

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International News

BYD’s $60 Billion Wipeout Points To Deeper Turmoil For China EVs

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A relentless selloff in BYD Co. shares is laying bare investor anxiety over the profit outlook for China’s electric-vehicle sector, as cooling demand at home and surging raw material costs trigger a brutal reset of expectations. 

Amazon Shares Sink As Big Tech’s AI Spending Plans Worry Investors

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Amazon shares dropped 8% in premarket trading on Friday after the company’s hefty capital expenditure plans deepened investor ​worries over Big Tech’s spending spree on artificial intelligence. 

Oil Rises As Traders Await Outcome Of US-Iran Talks In Oman

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Oil rose as traders eyed the outcome of talks between Iran and the US, with Tehran signaling there wouldn’t be a quick resolution to tensions between the two sides. 

Stocks Rebound After Tech Rout As Bitcoin Climbs

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Dip buyers drove a rebound in US stocks, betting that fears over artificial intelligence’s disruptive impact and the spending plans of its frontrunners were overdone. Bitcoin rose as the risk-off tone subsided. 

Merck Forecasts 2026 Sales Below Estimates On Patent Losses

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Merck & Co on Tuesday forecast 2026 sales and profits below Wall Street estimates as the loss of patent exclusivity on diabetes drug Januvia and other medicines will ​hit harder than analysts are projecting. 

PepsiCo Reports Strong Q4 Revenue With Price Hikes Offsetting Falling Demand

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PepsiCo reported higher-than-expected revenue in the fourth quarter as higher prices and improved productivity offset continued weakness in North American demand for its snacks and drinks. 

Oil Dips On The Prospect Of Talks Between Iran And The US

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Oil fell for a third day on easing geopolitical risks, and as traders sought clarity on a US-India trade deal that may require the South Asian nation to scale back imports of discounted Russian crude. 

Stocks Rise As Palantir Ignites Rally In Tech

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Stocks rose around the world as precious metals bounced back and robust earnings from Palantir Technologies Inc. sparked a rally in technology stocks. 

AstraZeneca Shares to Start Trading in US After Listing Upgrade

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Shares of AstraZeneca Plc, the UK’s biggest drugmaker, will start trading on the New York Stock Exchange on Monday following a listing upgrade to replace its American Depositary Receipts that were on Nasdaq. 

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Reports

US Rate Watch JAN 2026

U.S. Federal Funds target Rate

On Jan 28, 2026, the Federal Open Market Committee (FOMC) voted to maintain the target range for the federal funds rate at 3.50% – 3.75%. This decision was in line with expectations and was supported by steady growth, signs of stabilization in the unemployment rate, and persistent inflation. 

Local Equity Report Jan2026

Domestically, real GDP grew by 3.1% in Q2 2025, following a 7.6% contraction in Q1, as higher energy production partially offset sluggish non energy sector activity. Inflation remained low, 0.5% in November, but was up from 0.4% in October. Private sector credit growth slowed to 6.3% year-on-year in October, and consumer lending moderated to 8.0%. Labour market conditions improved, with unemployment falling to 3.8% in June 2025.

November 2025-Economic Outlook

November 2025-Earnings Update

Economic Outlook – OCT2025

Economic Outlook

Global GDP growth has improved relative to earlier forecasts, reflecting the gradual easing of trade tensions and resilience. 

Earnings Update – OCT2025

During October, Guardian Holdings Limited boasted of a 114% lift in after tax profit, owing to the gain on sale of its stake in Thoma Exploitatie B.V. Excluding this, however, underlying profit grew by 7%, or 43 million thanks to a 34% rise in insurance service results. 

US Rate Watch OCT 2025

On October 29, 2025, the Federal Open Market Committee (FOMC) decided to lower the target range for the federal funds rate to 3.75% – 4.00 % from 4.00% – 4.25%. This decision was supported by a moderation in economic activity, a softer labor market, and elevated inflation. 

Economic Outlook – September 30th 2025

Earnings Update – September 30th, 2025

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